Actual Cash Value vs. Replacement Cost
If your car’s totaled, most car insurance companies reimburse you for the actual cash value of your car, not the replacement cost. Let’s review the difference. Actual cash value vs. replacement cost Actual cash value (or ACV) is calculated by determining an item’s original value minus the amount it has depreciated after you bought it . Replacement […]
Furnace Care Tips
As a homeowner, it can be easy to overlook important home maintenance, but with winter approaching, there’s one task in particular you’ll want to complete. And that’s getting your furnace in tip-top shape. That bulky metal box in your basement (or crawl space, attic, or even hall closet, depending on where you live) is what produces […]
9 Tips for Keeping New Year’s Resolutions
New Year’s Eve has always been a time for looking back to the past, and more importantly, forward to the coming year. It’s a time to reflect on the changes we want (or need) to make and resolve to follow through on those changes. Unfortunately, while most New Year’s resolutions are made with vigor and […]
Life Insurance Purchasing Guide
Did you know almost 60% Americans don’t own any type of life insurance policy? This is according to the latest study done by the Life and Health Insurance Foundation for Education (www.lifehappens.org). Life insurance allows your spouse and/or family to receive money to help offset funeral expenses, lost income, and future financial needs. Purchasing the […]
Holiday Travel
Holiday celebrations are exciting times for family and friends to get together. But, get-togethers can turn into tragedies when people are killed or injured in traffic crashes. Motorists need to be mindful of actions that will make their holiday travel safer. Drivers can protect themselves and their passengers by following these holiday travel rules. Before […]
Online Shopping Safety Tips
‘Tis the season for online shopping. In fact, over 51 percent of consumers will make at least one online purchase during the holiday season. With an increase in online retail transactions during the holidays, there will also be an increased vulnerability to your identity unless certain precautions are taken to protect it. For example, Dashlane, a […]
Winterizing Your Home
As we’re now in the middle of winter, we know that a variety of problems can arise during these months due to the weather. The importance of maintaining your home during these months can protect you from potentially large insurance claims. Start with the Roof Did you roof damage accounts for almost 50% of […]
9 Ways to Lower Your Homeowners Insurance Costs
We are frequently asked what consumers can do to lower their homeowners insurance premiums. The following tips will hopefully help provide some guidance on saving money without sacrificing coverage: 1. Raise Your Deductible Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay a claim, […]
What is Rental Dwelling Insurance?
We are finding that more and more of our clients are renting out their homes on either a short- or long-term basis. It could be a second home, an investment property, or even the basement or a spare room in your house. Depending upon the rental scenario, your homeowners insurance policy may not properly cover […]
Carbon Monoxide Safety Tips
With winter quickly approaching it won’t be too long before the freezing weather and snow are here. As the primary months when consumers crank up their furnaces and portable heaters, November, December, and January account for nearly two-thirds of all non-fire carbon monoxide (CO) related deaths. In fact, according to the Center for Disease Control, […]
